Guideline Value for Jambodai Kurukku Street

Jambodai Kurukku Street guideline value

The current guideline value of Jambodai Kurukku Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Selvazhimagalam village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jambodai Kurukku Street has changed

Looking at the revisions, the guideline value for Jambodai Kurukku Street has seen several changes over the years. In the 2012 revision, the value was Rs 300 per sq.ft, which remained unchanged in the 2017 revision at Rs 201 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 300 per sq.ft. The 2024 revision also holds the value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Jambodai Kurukku Street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Selvazhimagalam

In Selvazhimagalam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, making Jambodai Kurukku Street's 2024 figure above that median.

• Jambodai Street: Rs 300 per sq.ft (2024)
• Kodi Street: Rs 200 per sq.ft (2024)
• Kullakkarai Street: Rs 126 per sq.ft (2024)
• Chennai Bangalore Main Road: Rs 500 per sq.ft (2024)
• Mantheivelli Street: Rs 200 per sq.ft (2024)
• Bharathiyar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Jambodai Kurukku Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jambodai Kurukku Street?

The Sub Registrar Office that covers Jambodai Kurukku Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Selvazhimagalam

The guideline value is a crucial factor during property registration in Selvazhimagalam. It determines the minimum value at which properties can be registered, ensuring that the transaction is documented at a fair price according to the government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Jambodai Kurukku Street?

The current guideline value of Jambodai Kurukku Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 300 per sq.ft. The value was Rs 201 per sq.ft in 2017, which was a decrease from Rs 300 per sq.ft in 2012.

What is the land classification for Jambodai Kurukku Street?

The land classification for Jambodai Kurukku Street is Residential Class I Type - I, indicating that it is designated for residential purposes.

Where can I find the registration office for Jambodai Kurukku Street?

The registration office for Jambodai Kurukku Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Jambodai Kurukku Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.